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LGL: Approved the stock issuance to pay dividend for 2019 The Board resolution dated October 22, 2021, the BOD of Long Giang Investment and Urban Development Joint Stock Company approved the stock issuance plan to pay dividend for 2019 with details as follows:
- Stock name: Long Giang Investment and Urban Development Joint Stock Company
- Stock code: LGL
- Stock type: common share
- Par value: VND10,000/share
- Number of outstanding shares: 51,497,100 shares
- Number of treasury shares: 2,900 shares
- Number of shares expected to be issued: 5,149,710 shares
- Total value of issuance (at par value): 51,497,100,000 dongs
- Charter capital after the issuance: VND566,497,100,000
- Exercise ratio: 10% (100:10) (Those who own 100 shares will receive 10 new shares)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owned 195 shares. With 100:10 performing ratio, the shareholder A will receive: 195*10/100 =19.5 shares. According to rounding policy, the shareholder A receives 19 new shares and the fractional shares of 0.5 will be cancelled.
- Time of implementation: expected in November 2021 or December 2021, after being approved by the State Securities Commission of Vietnam (SSC).
- Transfer restriction: none
HOSE
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